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Asia Pacific Conveyor System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by System Type, Belt Type, and Industry

Asia Pacific Conveyor System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by System Type, Belt Type, and Industry

  • December 2020
  • 147 pages
  • ID: 6004130
  • Format: PDF
  • The Insight Partners
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The conveyor system market in APAC is expected to grow from US$ 2,971.31 million in 2019 to US$ 4,934.40 million by 2027; it is estimated to grow at a CAGR of 6.9% from 2020 to 2027.
Various manufacturing industries are heavily investing on the adoption of automated solutions.Additionally, the adoption of data-driven solutions has gained significant popularity among various leading manufacturers and business owners to mitigate unforeseen errors, faults, and damages.

Increasing demand for conveyor systems with integrated technologies across various industrial applications is expected to propel the market growth in the coming years. The mounting implementation of Industry 4.0 has led to an extensive digital overhaul across the manufacturing industry. Digital technologies, such as artificial intelligence (AI) and predictive maintenance, are used by the conveyor system providers for maintaining visibility across the supply chain with improved operations, transparency, and productivity. Additionally, technologies, such as automation, Internet of things, and robotics are gaining more prominence. Due to the integration of AI applications, the characterization and analysis of temperature patterns and vibration patterns make it possible to diagnose hidden faults at the early stages of conveyors systems. Thus, all these technologies are likely to act as a trend for the conveyor systems in the near future. Also, digital enhancements are leading to new growth opportunities for conveyor system market.
In terms of industry, the others segment led the APAC conveyor system market in 2019.The others segment includes electronics, pharmaceuticals, post & parcel, packaging, manufacturing, and textile industries.

In today’s market, electronics manufacturers need to be as flexible as possible in order to survive.One of the optimal ways to enhance the manufacturing efficiency in the electronics industry is to surge the use of an automated conveyor system, which mitigates personnel overhead costs and raises output through greater speed and precision.

The conveyor system is ideal for incorporating long-running sections in transfer and assembly applications in the electronics industry.The system is also capable of generating space-saving production lines that make efficient use of the manufacturing facility’s square footage.

The conveyor system for the pharmaceutical industry is ideally suitable for handling granules, powders, tablets, and capsules. It is used as a highway system in order to organize product flow between consecutive process machines and balance the production. The system is mechanically needed for automated packaging processes.
APAC is severely affected by the COVID-19 pandemic.APAC is characterized by a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rise in disposable income.

All these factors make APAC a major growth driving region for various markets, including the conveyor system.Many online shoppers and growing e-commerce sector in this region present a huge opportunity for the growth of the APAC conveyor system market.

Due to the pandemic, social distancing and staying home have pushed the consumers toward online shopping.The outbreak of coronavirus impacted the logistics industry, owing to the uncertainty in the supply chain.

The logistics supply chains are mainly strained by the pandemic and factory closures in China. The lockdown of various factories in China affects the supply chains and negatively impacts the manufacturing and sales of various products and services. However, the demand for new warehouse spaces is growing in the region since pharmaceuticals and supermarkets, and online retailers struggle to rise amid COVID-19. In order to ensure inventory levels are sufficient and to meet the demand for supermarkets, vendors are keeping higher amounts of merchandise in stock, hence, surging the demand for warehouse space. The mounting demand for goods brought online, especially food, would also fuel the need for distribution facilities, thereby propelling the market growth.
The overall APAC conveyor system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the APAC conveyor system market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the APAC conveyor system market. Daifuku Co., Ltd.; DEMATIC; Emerson Electric Co.; Honeywell Intelligrated; Interroll Holding, GmbH; Siemens AG; SSI Schäfer; Swisslog; TGW Logistics Group; and Vanderlande Industries B.V. are among a few players operating in the APAC conveyor system market.

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